Eliminate fragmentation, dispersion, and inefficiency in public investment

NGUYỄN TRƯỜNG |

Ninh Binh - The allocation of medium-term public investment plans has eliminated the situation of fragmented, scattered, dispersed, wasteful, and ineffective investment.

Mr. Nguyen Cao Son - Vice Chairman of Ninh Binh Provincial People's Committee said that in the period of 2021 - 2025, Ninh Binh province clearly identified the priority order of capital allocation in the medium-term public investment plan. At the same time, it is necessary to balance and ensure focus, ensure the ability to repay loans, outstanding debts for basic construction, recover advanced capital from the provincial budget and meet the requirements of socio-economic development.

In addition, Ninh Binh province focuses on investing in projects to prevent natural disasters, epidemics, climate change, ensure security, national defense and social security. In particular, focusing on arranging investment with focus and key points in key sectors and fields, especially the transport sector (accounting for about 36% of total capital).

"The province prioritizes allocating sufficient capital for major projects identified as key projects that need to be focused on during the term. At the same time, it builds synchronous infrastructure, connects regions and inter-regions to expand development space, creates space and motivation for socio-economic development. Preserve and promote historical and cultural values ​​to accelerate implementation progress, complete early and promote investment efficiency" - Mr. Son shared.

Also according to Vice Chairman of Ninh Binh Provincial People's Committee Nguyen Cao Son, the assignment of details and notification of annual public investment capital plans to units is promptly implemented by Ninh Binh province, in accordance with decisions and capital notifications of competent authorities. Ensuring publicity and transparency in the allocation of public investment capital plans, contributing to promoting administrative reform and strengthening the work of preventing and combating corruption, practicing thrift and combating waste.

Regarding the central budget capital from domestic capital sources, the total capital plan for the 2021 - 2024 period assigned to Ninh Binh province is 4,255,997 billion VND. In 2021, the total detailed allocation plan is 887,944 billion VND allocated to 16 projects, the disbursed capital in 2021 reached 854,524 billion VND, equal to 96.2% of the assigned capital plan. In 2022, the total detailed allocation plan is 1,503,073 billion VND allocated to 13 projects, the disbursed capital reached 1,469,877 billion VND, equal to 98% of the assigned capital plan. In 2023, the total detailed allocation plan is 1,245.6 billion VND allocated to 7 projects; The disbursed capital reached 1,245,286 billion VND, equal to 99.97% of the assigned capital plan. In 2024, the total detailed allocation plan is 619.38 billion VND allocated to 5 projects, with an estimated disbursement of 585,916 billion VND, equal to 94.6% of the assigned capital plan.

Regarding foreign capital, the total capital plan for the period 2021 - 2024 assigned is 751,401 billion VND. Of which, in 2021, 194,704 billion VND was disbursed, in 2022, 271,988 billion VND was disbursed, in 2023, 83,627 billion VND was disbursed and in 2024, the estimated disbursement is 89 billion VND, equal to 96.7% of the assigned capital plan.

Regarding provincial budget capital, the total public investment plan for the 2021 - 2024 period is 11,606.737 billion VND. Of which, in 2021, 2,027.414 billion VND was disbursed, in 2022, 2,196.625 billion VND was disbursed, in 2023, 3,019.015 billion VND was disbursed and in 2024, the plan was assigned 4,222.398 billion VND, estimated disbursement reached 4,014.566 billion VND, equal to 95.1% of the total assigned capital plan.

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